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西联汇款（AFG）与C.H. Robinson（CHRW）财务数据对比。点击上方公司名可切换其他公司
C.H. Robinson的季度营收约是西联汇款的1.9倍（$3.9B vs $2.1B），西联汇款净利率更高（14.5% vs 3.5%，领先11.0%），西联汇款同比增速更快（-4.0% vs -6.5%），过去两年西联汇款的营收复合增速更高（4.0% vs -5.8%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
AFG vs CHRW — 直观对比
营收规模更大
CHRW
是对方的1.9倍
$2.1B
营收增速更快
AFG
高出2.5%
-6.5%
净利率更高
AFG
高出11.0%
3.5%
两年增速更快
AFG
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.9B |
| 净利润 | $299.0M | $136.3M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 4.6% |
| 净利率 | 14.5% | 3.5% |
| 营收同比 | -4.0% | -6.5% |
| 净利润同比 | 17.3% | -8.7% |
| 每股收益（稀释后） | $3.59 | $1.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFGCHRW
| Q4 25 | $2.1B | $3.9B | ||
| Q3 25 | $2.3B | $4.1B | ||
| Q2 25 | $1.9B | $4.1B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $1.9B | $4.5B | ||
| Q1 24 | $1.9B | $4.4B |
净利润AFGCHRW
| Q4 25 | $299.0M | $136.3M | ||
| Q3 25 | $215.0M | $163.0M | ||
| Q2 25 | $174.0M | $152.5M | ||
| Q1 25 | $154.0M | $135.3M | ||
| Q4 24 | $255.0M | $149.3M | ||
| Q3 24 | $181.0M | $97.2M | ||
| Q2 24 | $209.0M | $126.3M | ||
| Q1 24 | $242.0M | $92.9M |
营业利润率AFGCHRW
| Q4 25 | 18.4% | 4.6% | ||
| Q3 25 | 11.5% | 5.3% | ||
| Q2 25 | 11.9% | 5.2% | ||
| Q1 25 | 10.6% | 4.4% | ||
| Q4 24 | 14.9% | 4.4% | ||
| Q3 24 | 9.7% | 3.9% | ||
| Q2 24 | 14.3% | 4.0% | ||
| Q1 24 | 15.9% | 2.9% |
净利率AFGCHRW
| Q4 25 | 14.5% | 3.5% | ||
| Q3 25 | 9.2% | 3.9% | ||
| Q2 25 | 9.0% | 3.7% | ||
| Q1 25 | 8.3% | 3.3% | ||
| Q4 24 | 11.9% | 3.6% | ||
| Q3 24 | 7.6% | 2.1% | ||
| Q2 24 | 11.0% | 2.8% | ||
| Q1 24 | 12.7% | 2.1% |
每股收益（稀释后）AFGCHRW
| Q4 25 | $3.59 | $1.12 | ||
| Q3 25 | $2.58 | $1.34 | ||
| Q2 25 | $2.07 | $1.26 | ||
| Q1 25 | $1.84 | $1.11 | ||
| Q4 24 | $3.03 | $1.23 | ||
| Q3 24 | $2.16 | $0.80 | ||
| Q2 24 | $2.49 | $1.05 | ||
| Q1 24 | $2.89 | $0.78 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.7B | $160.9M |
| 总债务越低越好 | $1.8B | $1.1B |
| 股东权益账面价值 | $4.8B | $1.8B |
| 总资产 | $32.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资AFGCHRW
| Q4 25 | $1.7B | $160.9M | ||
| Q3 25 | $1.8B | $136.8M | ||
| Q2 25 | $1.3B | $156.0M | ||
| Q1 25 | $1.3B | $129.9M | ||
| Q4 24 | $1.4B | $145.8M | ||
| Q3 24 | $1.3B | $131.7M | ||
| Q2 24 | $1.1B | $113.2M | ||
| Q1 24 | $1.1B | $121.8M |
总债务AFGCHRW
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.7B |
股东权益AFGCHRW
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $4.7B | $1.9B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.4B | $1.7B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.7B | $1.6B | ||
| Q2 24 | $4.4B | $1.5B | ||
| Q1 24 | $4.2B | $1.4B |
总资产AFGCHRW
| Q4 25 | $32.6B | $5.1B | ||
| Q3 25 | $33.8B | $5.2B | ||
| Q2 25 | $30.7B | $5.3B | ||
| Q1 25 | $30.3B | $5.2B | ||
| Q4 24 | $30.8B | $5.3B | ||
| Q3 24 | $32.6B | $5.6B | ||
| Q2 24 | $29.9B | $5.5B | ||
| Q1 24 | $30.0B | $5.5B |
负债/权益比AFGCHRW
| Q4 25 | 0.38× | 0.59× | ||
| Q3 25 | 0.38× | 0.64× | ||
| Q2 25 | 0.33× | 0.76× | ||
| Q1 25 | 0.34× | 0.80× | ||
| Q4 24 | 0.33× | 0.80× | ||
| Q3 24 | 0.31× | 0.95× | ||
| Q2 24 | 0.34× | 1.07× | ||
| Q1 24 | 0.35× | 1.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $784.0M | $305.4M |
| 自由现金流经营现金流 - 资本支出 | — | $302.4M |
| 自由现金流率自由现金流/营收 | — | 7.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 2.62× | 2.24× |
| 过去12个月自由现金流最近4个季度 | — | $894.9M |
8季度趋势，按日历期对齐
经营现金流AFGCHRW
| Q4 25 | $784.0M | $305.4M | ||
| Q3 25 | $216.0M | $275.4M | ||
| Q2 25 | $191.0M | $227.1M | ||
| Q1 25 | $342.0M | $106.5M | ||
| Q4 24 | $674.0M | $267.9M | ||
| Q3 24 | $459.0M | $108.1M | ||
| Q2 24 | $-88.0M | $166.4M | ||
| Q1 24 | $107.0M | $-33.3M |
自由现金流AFGCHRW
| Q4 25 | — | $302.4M | ||
| Q3 25 | — | $269.5M | ||
| Q2 25 | — | $219.8M | ||
| Q1 25 | — | $103.2M | ||
| Q4 24 | — | $265.3M | ||
| Q3 24 | — | $103.3M | ||
| Q2 24 | — | $159.8M | ||
| Q1 24 | — | $-41.9M |
自由现金流率AFGCHRW
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | -1.0% |
资本支出强度AFGCHRW
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
现金转化率AFGCHRW
| Q4 25 | 2.62× | 2.24× | ||
| Q3 25 | 1.00× | 1.69× | ||
| Q2 25 | 1.10× | 1.49× | ||
| Q1 25 | 2.22× | 0.79× | ||
| Q4 24 | 2.64× | 1.79× | ||
| Q3 24 | 2.54× | 1.11× | ||
| Q2 24 | -0.42× | 1.32× | ||
| Q1 24 | 0.44× | -0.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
